Web3 is quite novel - it was originally established by pioneers who believe in decentralization, freedom, and autonomy. In its early days, it was a wild, uncharted land with no rulers, only builders.
But soon, a bridge was built between Web2 and Web3. At first, only a few capitalists from Web2 arrived, attracted by the raw potential of this new world. They observed from the sidelines, analyzed its terrain, understood its rules, and identified the most valuable territories.
Bitcoin block space
The first wave of large-scale colonization began with Bitcoin – the most valuable nation on the Web3 island. It is a scarce land, with clear ownership, and power belongs to those who understand its fundamental principles.
But once the first settlers controlled and secured their wealth, they began to expand. They saw that Web3 is much more than just Bitcoin. There is vast, unclaimed land waiting to be shaped. Soon, they began to move beyond Bitcoin, establishing new territories—Ethereum, Solana, Polkadot, and countless others.
As more land is discovered, the competition to carve out new countries intensifies. Initially, block space was scarce. The earliest blockchains operated under strict limitations—each transaction required a position, and space was limited. This scarcity endowed block space with immense value. Even owning a small piece of block space meant having a seat in the new digital economy. But as competition intensified, innovation followed.
ETH Trading Visualization
A more effective way to create block space has emerged. Layer 2 solutions, Rollups, and sidechains—each has brought a vast amount of new land to the Web3 ecosystem. Once rare commodities have become abundant.
Builders no longer fight for limited space; instead, they create endless new land to meet the growing settlement demands. However, the overflow of block space has brought unexpected consequences.
Things that were once valuable have become cheap. The cost of storing transactions — once a key economic force — has now plummeted. The promise of cheap block space will attract millions of new settlers from Web2, but the reality is different.
People in Web2 hesitated.
They have heard of treasure hunters venturing into Web3, lured by the promise of wealth, only to be devoured by its predators. Some Web2 residents did make the move, attracted by stories of overnight riches.
They entered Web3, hoping to secure a place in the new economy. Many started by purchasing small parcels of land - various tokens, each promising future value. They traded, speculated, and built businesses, believing they were in the early stages of the next great revolution.
But they do not realize that Web3 has already been built by its earliest settlers and the most powerful capitalists. Although the rules of the game have not been explicitly written down, those who control this land know it all too well. As more Web2 people migrate, they unknowingly fall into a predicament. The complexity of Web3 is daunting.
There are too many new countries, too many different rules, and too many scams disguised as opportunities. Big players control the flow of information, manipulate the market, inflate value, and pull the rug out from under unsuspecting settlers.
Web3 has turned into an amusement park for those who know how to extract wealth from the ignorant. Even though block space is cheaper than ever, the pace of adoption remains slow. The dream of a mass migration from Web2 to Web3 is fading.
The establishment of new lands promises a seamless user experience, but they have never reached the familiarity and convenience offered by Web2. The additional promise of quick incentives is not enough to attract people—those in Web2 have seen too many peers being harmed.
They watched an entire nation within Web3 rise and fall overnight, witnessing wealth gained and lost in the blink of an eye. Ordinary people hesitated, unable to see through the chaos. However, amidst the turmoil, a thriving trading market emerged.
Web3 real estate - tokens - have become the lifeblood of its economy. Everything is for sale. Each country has its own properties, unique assets, and commitments to future value. The trading floor is endlessly open, operating around the clock, driven by speculation, manipulation, and greed.
Some countries temporarily prosper, only to decline as attention shifts. New land is minted every day, sold to the highest bidder, and then flipped for short-term profits. This cycle never stops. And while the settlers struggle, the true beneficiaries of Web3 thrive.
The bridge operators - exchanges - have become gatekeepers, controlling the flow of assets between Web2 and Web3.
They earn profits every time someone enters or leaves. Market makers—the hidden forces that manage liquidity—ensure that no trade is overlooked, taking their share from each transaction. Developers continue to build, not necessarily for innovation, but to create more sellable land. And what about marketers? They weave stories, craft narratives, and sell dreams to the next wave of hopeful settlers.
The dark side of Web3 is that it is no longer truly decentralized. The early ideals of a free and open digital frontier have been replaced by the cold reality of capital. The game has been manipulated.
The forces that dominated Web2 have also infiltrated Web3. They have not only settled down but have also reshaped this planet to meet their needs. As a result, the Web3 planet continues to expand, becoming a frontier of endless digital land, speculation, and fleeting opportunities.
The dream of true decentralization still exists, but for most people, it is just a dream. Settlers continue to come in hopes of getting rich, but in the end, most leave with less than they arrived with.
Meanwhile, those who have mastered the system continue to extract, build, and control, ensuring that this planet is still shaped by them.
The content is for reference only, not a solicitation or offer. No investment, tax, or legal advice provided. See Disclaimer for more risks disclosure.
Capitalism is killing the soul of Web3 every day.
Compiled by: Block unicorn
We have a digital planet: Web2 and Web3.
Web3 is quite novel - it was originally established by pioneers who believe in decentralization, freedom, and autonomy. In its early days, it was a wild, uncharted land with no rulers, only builders.
But soon, a bridge was built between Web2 and Web3. At first, only a few capitalists from Web2 arrived, attracted by the raw potential of this new world. They observed from the sidelines, analyzed its terrain, understood its rules, and identified the most valuable territories.
Bitcoin block space
The first wave of large-scale colonization began with Bitcoin – the most valuable nation on the Web3 island. It is a scarce land, with clear ownership, and power belongs to those who understand its fundamental principles.
But once the first settlers controlled and secured their wealth, they began to expand. They saw that Web3 is much more than just Bitcoin. There is vast, unclaimed land waiting to be shaped. Soon, they began to move beyond Bitcoin, establishing new territories—Ethereum, Solana, Polkadot, and countless others.
As more land is discovered, the competition to carve out new countries intensifies. Initially, block space was scarce. The earliest blockchains operated under strict limitations—each transaction required a position, and space was limited. This scarcity endowed block space with immense value. Even owning a small piece of block space meant having a seat in the new digital economy. But as competition intensified, innovation followed.
ETH Trading Visualization
A more effective way to create block space has emerged. Layer 2 solutions, Rollups, and sidechains—each has brought a vast amount of new land to the Web3 ecosystem. Once rare commodities have become abundant.
Builders no longer fight for limited space; instead, they create endless new land to meet the growing settlement demands. However, the overflow of block space has brought unexpected consequences.
Things that were once valuable have become cheap. The cost of storing transactions — once a key economic force — has now plummeted. The promise of cheap block space will attract millions of new settlers from Web2, but the reality is different.
People in Web2 hesitated.
They have heard of treasure hunters venturing into Web3, lured by the promise of wealth, only to be devoured by its predators. Some Web2 residents did make the move, attracted by stories of overnight riches.
They entered Web3, hoping to secure a place in the new economy. Many started by purchasing small parcels of land - various tokens, each promising future value. They traded, speculated, and built businesses, believing they were in the early stages of the next great revolution.
But they do not realize that Web3 has already been built by its earliest settlers and the most powerful capitalists. Although the rules of the game have not been explicitly written down, those who control this land know it all too well. As more Web2 people migrate, they unknowingly fall into a predicament. The complexity of Web3 is daunting.
There are too many new countries, too many different rules, and too many scams disguised as opportunities. Big players control the flow of information, manipulate the market, inflate value, and pull the rug out from under unsuspecting settlers.
Web3 has turned into an amusement park for those who know how to extract wealth from the ignorant. Even though block space is cheaper than ever, the pace of adoption remains slow. The dream of a mass migration from Web2 to Web3 is fading.
The establishment of new lands promises a seamless user experience, but they have never reached the familiarity and convenience offered by Web2. The additional promise of quick incentives is not enough to attract people—those in Web2 have seen too many peers being harmed.
They watched an entire nation within Web3 rise and fall overnight, witnessing wealth gained and lost in the blink of an eye. Ordinary people hesitated, unable to see through the chaos. However, amidst the turmoil, a thriving trading market emerged.
Web3 real estate - tokens - have become the lifeblood of its economy. Everything is for sale. Each country has its own properties, unique assets, and commitments to future value. The trading floor is endlessly open, operating around the clock, driven by speculation, manipulation, and greed.
Some countries temporarily prosper, only to decline as attention shifts. New land is minted every day, sold to the highest bidder, and then flipped for short-term profits. This cycle never stops. And while the settlers struggle, the true beneficiaries of Web3 thrive.
The bridge operators - exchanges - have become gatekeepers, controlling the flow of assets between Web2 and Web3.
They earn profits every time someone enters or leaves. Market makers—the hidden forces that manage liquidity—ensure that no trade is overlooked, taking their share from each transaction. Developers continue to build, not necessarily for innovation, but to create more sellable land. And what about marketers? They weave stories, craft narratives, and sell dreams to the next wave of hopeful settlers.
The dark side of Web3 is that it is no longer truly decentralized. The early ideals of a free and open digital frontier have been replaced by the cold reality of capital. The game has been manipulated.
The forces that dominated Web2 have also infiltrated Web3. They have not only settled down but have also reshaped this planet to meet their needs. As a result, the Web3 planet continues to expand, becoming a frontier of endless digital land, speculation, and fleeting opportunities.
The dream of true decentralization still exists, but for most people, it is just a dream. Settlers continue to come in hopes of getting rich, but in the end, most leave with less than they arrived with.
Meanwhile, those who have mastered the system continue to extract, build, and control, ensuring that this planet is still shaped by them.